The Data Protection Act was brought in in 2018, and it controls and monitors the way that UK businesses and organizations use your personal data and information, such as credit, payment card, financial information, social security numbers, and any sensitive data. Under the act, it is up to everyone to ensure that they use data wisely and adhere to the data protection principles that are laid down in the act, which are.
The General Data Protection Regulation (GDPR) is a set of provisions and requirements governing data protection and privacy for individuals across the European Union. It applies to any business or public body — inside or outside the EU — that handles the personal data of EU residents. Essentially, GDPR requirements govern the way companies process and store personally identifiable information (PII).
The General Data Protection Regulation (GDPR) set a huge precedent in modern digital privacy regulation. We've seen regions throughout the world adopt similar data protection laws in the time since its inception, and the financial liabilities are only part of the story. Customers and users of software products are now savvier than ever when it comes to understanding the importance of data privacy rights.
Is your system 100% ready to face the severest cyber-attack and mitigate the risk of a possible data breach? If you are unsure about your cyber-safety structure, then it’s time to upgrade it. Otherwise, you could be at risk of lengthy legal battles that result in hefty fines. Beyond that, the cost in terms of reputational loss could be catastrophic if not handled meticulously by professionals within a reasonable time.
In order to ensure compliance with the growing list of personal privacy regulations—like GDPR, CCPA, and PDPA—your company needs to know how it handles the personal information of your customers, users, and even visitors.
Cybersecurity is increasingly becoming a topic for legislators, especially for the public sector, critical infrastructure, healthcare, education, the financial and insurance sectors. In the US, in addition to several federal laws (HIPAA, HITECH, GLBA, SOX, FISMA, CISA), there are many state-level laws that impose some level of cybersecurity requirement (we have excluded the ones regarding election security in particular, as that’s a separate topic of discussion)
With enhanced information security becoming increasingly more urgent, privacy protection efforts are ramping up for many industries. One of the more recent measures to address data privacy has come from the latest California Consumer Privacy Act (CCPA) Proposition 24, also known as the California Privacy Rights Act of 2020 (CPRA).
When the California Consumer Privacy Act took effect on Jan. 1, 2020, many businesses scrambled to determine whether the law applied to them. The CCPA is the most stringent privacy law enacted in the United States, and for various reasons, its reach can extend well beyond the state’s borders. The objective of the CCPA is to give consumers certain rights to protect their personal data that companies might collect, store, and process for commercial purposes.
The Health Insurance Portability and Accountability Act (HIPAA) is a U.S. law designed to protect individual privacy by establishing national standards for maintaining sensitive patient health information and medical records. HIPAA compliance rules incorporate requirements from several other legislative acts, including the Public Health Service Act and the Health Information Technology for Economic and Clinical Health (HITECH) Act.
The Sarbanes-Oxley Act of 2002 (SOX) was passed by the United States Congress to protect the public from fraudulent or erroneous practices by corporations or other business entities. The legislation set new and expanded requirements for all U.S. public company boards, management, and public accounting firms with the goal to increase transparency in financial reporting and to require formalized systems for internal controls. In addition, penalties for fraudulent activity are much more severe.
